Airline stocks led losses in Asia on Monday as Middle East airspace disruptions and airport closures unsettled travel markets, while higher oil prices lifted energy shares amid escalating conflict in Iran.
Singapore Airlines fell more than 6%, pacing sector declines. Japan’s ANA and JAL each dropped over 4%, while Hong Kong’s Cathay Pacific slipped 3.63% lower. Australia’s Qantas and Taiwan’s Eva Air also declined more than 4% as investors weighed higher fuel costs and operational disruptions.
Asian stocks dropped in early trade Monday on the back of fears for the global economy following US-Israeli attacks on Iran over the weekend.
Tokyo’s key Nikkei 225 index was down 2.07 percent at 57,628.07.
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